Higher home prices mean more commission amounts paid when selling a home. However, increased property value and bigger equity in property provides that cushion to absorb bigger amounts paid as commission fees to your real estate agent.
However, today’s sellers have got a variety of choices when it comes to listing and selling a home and the types of commission and services they require.
Mississauga and surrounding areas in the GTA have seen new real estate companies or brokerages offering flat fee for listing your home on MLS but home owners must manage showings, open houses and handle inquiries on their own.
Home owners also have options to hire a local Realtor in Mississauga who will handle all aspects of listing and selling of a home or condo for a lower than the typical fee of 5%.
A discount low commission rates charged by the broker/agent may vary between 1% and 3.5% of the actual sale price. With these type of commission packages, the seller do not have to pay any upfront fees and the commissions are paid only after the successful sale and closing of the deal.
Selling a home is not a very straight forward and simple process. As well, it is not a small transaction. Many things can go wrong if the deal is not handled by a professional.